MCS Sees Growing Demand

Mortgage Contracting Services, based in Tampa, Fla., added 63 full-time positions to its staff last year amid rising demand for property preservation and inspection services.

Amid widespread reports of rising foreclosure rates, the growth of its business is one more sign that housing markets are cooling. While that may be bad news for most of the economy, it creates a market sweet spot for companies like MCS.

The company isn't done growing. During the MBA National Mortgage Servicing Conference, the company unveiled plans to add more than 100 additional employees by the end of this year. Allan Martin, CEO of MCS, said in a news release that his company is the "most efficient and effective inspection and preservation company in the market today."

During the conference in San Diego, Mr. Martin participated in a SourceMedia roundtable to discuss current market conditions.

The company uses a nationwide network of licensed and insured preservation subcontractors to create customized service plans for clients. MCS provides services including property inspections, property preservation, REO maintenance, hazard claims administration and default management services.

"The arrival of two new key members of our executive staff, including a vice president of business development and a chief operating officer, will help MCS focus on both short- and long-term goals," Mr. Martin said.

MCS also increased its office space 43% late last year. Currently, the company has staff located in Tampa, Orlando, San Antonio, Des Moines, Cincinnati, Jacksonville and Columbus, Ohio.

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